Amazon acquires site "(s) Souq.com"

Amazon acquires site "(s) Souq.com"

Business & Finance

Economy News ..

It announced that the giant Amazon e-commerce reached an agreement to acquire the site "(s) Souq.com" your e-commerce in the Arab world.
Amazon did not specify, in a statement, the financial value of the deal signed with the company "market. Com" based in the Emirate of Dubai-based.

Said Amazon and "(s) Souq.com" that join the Amazon family will allow the site "(s) Souq.com" continue to grow and provide additional offers to customers.

Emaar Malls, a subsidiary of Emaar Properties, has said on Monday it had submitted a bid worth $ 800 million to acquire e-commerce company "(s) Souq.com."

The company said in a statement to the Stock Exchange: "Emaar moules made an offer worth $ 800 million to buy the site ((s) Souq.com) in line with the strategy for the convenience of e-commerce with the actual shopping", as quoted by "Reuters".

The statement added: "Not after the acceptance of the offer by shareholders of ((s) Souq.com) and if approved, the impact on Emaar moules profit for the first quarter, which is the acquisition and 2017 will not be material."

Over the past week, informed sources told Reuters that "Omazzon.kom" agreed in principle to buy "Souq.com Stores', and then Amazon declined to comment and did not respond" (s) Souq.com "to a request for comment.